Stock of Interest

Posted On: September 26, 2023

Stock Report: MCX (NSE) 25 Sep 2023

Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments, and other miscellaneous income. 

#xCalData predicts that # MCX will continue its bullish phase over the next five days and trend within the range of 1784 to 1972. 

In comparison to the previous month, the price of the stock has experienced an increase of 20.13% indicating a bullish. 

The Stock has doubled once since 14 Dec 2015 and took an average of 4.6 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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